Established by NWS Holdings and FirstGroup in September 1998, it took over 88 China Motor Bus services in Hong Kong Island.

Therefore, the Government of Hong Kong started to introduce new competitors by transferring the franchise of CMB routes to other companies.

In February 1998, the government announced the franchise for all 140 routes operated by CMB would not be reviewed when it expired 31 August that year.

[2][3] Six companies lodged bids:[4][5] NWS Holdings was considered a dark horse as it was the only bidder with no local bus operation experience.

However, NWS Holdings was awarded a replacement franchise in March 1998 with commitments of new facilities, improved service standards and employment of CMB staff.

[7] As for the older buses from CMB, they were all gradually phased out by January 2016, becoming full low-floor fleet except for two Dennis Condors (DM18 and DM22) and two Volvo Olympians (VA51 and VA54) which were transferred to Citybus before retirement.

[16] NWFB operated four depots at Heng Fa Chuen, Wong Chuk Hang, Tseung Kwan O and West Kowloon.